Optimize Financial Inc Purchases New Holdings in Axos Financial, Inc. (NYSE:AX)

Optimize Financial Inc purchased a new stake in Axos Financial, Inc. (NYSE:AX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,284 shares of the company's stock, valued at approximately $369,000.

A number of other institutional investors and hedge funds have also modified their holdings of AX. MML Investors Services LLC acquired a new position in Axos Financial during the 3rd quarter worth $212,000. Y Intercept Hong Kong Ltd acquired a new stake in Axos Financial in the 3rd quarter valued at approximately $836,000. Barclays PLC increased its position in Axos Financial by 32.6% in the 3rd quarter. Barclays PLC now owns 142,715 shares of the company's stock worth $8,974,000 after buying an additional 35,087 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Axos Financial by 6.8% during the third quarter. Geode Capital Management LLC now owns 1,444,756 shares of the company's stock worth $90,861,000 after buying an additional 91,797 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Axos Financial in the third quarter valued at approximately $277,000. 83.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AX has been the subject of a number of research reports. Keefe, Bruyette & Woods reduced their price target on shares of Axos Financial from $91.00 to $90.00 and set a "market perform" rating for the company in a report on Wednesday, January 29th. Raymond James reiterated an "outperform" rating and issued a $80.00 price objective (up previously from $75.00) on shares of Axos Financial in a research report on Wednesday, January 29th. Needham & Company LLC boosted their price objective on Axos Financial from $85.00 to $88.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Finally, DA Davidson cut their target price on Axos Financial from $96.00 to $88.00 and set a "buy" rating for the company in a research note on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $84.17.

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Axos Financial Price Performance

Shares of AX traded up $0.65 during mid-day trading on Tuesday, reaching $58.98. The company had a trading volume of 321,645 shares, compared to its average volume of 531,084. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market capitalization of $3.37 billion, a P/E ratio of 7.93 and a beta of 1.33. Axos Financial, Inc. has a twelve month low of $44.10 and a twelve month high of $88.46. The company's 50-day moving average is $64.40 and its 200-day moving average is $69.54.

Axos Financial (NYSE:AX - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.07. Axos Financial had a return on equity of 18.67% and a net margin of 22.10%. On average, equities analysts anticipate that Axos Financial, Inc. will post 7.22 EPS for the current year.

Insider Buying and Selling

In other Axos Financial news, Director Sara Wardell-Smith bought 3,000 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were bought at an average price of $64.73 per share, for a total transaction of $194,190.00. Following the completion of the acquisition, the director now owns 10,250 shares of the company's stock, valued at approximately $663,482.50. This trade represents a 41.38 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 5.07% of the stock is currently owned by corporate insiders.

Axos Financial Company Profile

Axos Financial, Inc, together with its subsidiaries, provides consumer and business banking products in the United States. It operates through two segments, Banking Business and Securities Business. The company offers deposits products, including consumer and business checking, demand, savings, time deposit, money market, zero balance, and insured cash sweep accounts.